Prices of goods will not decrease soon — ACC

(Photo: Ameer Khalifeh/JNews)

AMMAN — The price of commodities will not to decrease in the foreseeable future, a business leader said.

Khalil Al-Haj Tawfiq, head of the Amman Chamber of Commerce (ACC), told Jordan News that business activity rejuvenated during Eid Al-Fitr, partly because it coincided with employees having received their salaries ahead of the holiday.اضافة اعلان

During the holy fasting month of Ramadan, he noted, more people frequented restaurants, another factor which ‘’contributed to revitalizing the commercial movement.’’ Accessing restaurants and other public facilities became possible after the Jordanian government eased restrictions imposed in the wake of the COVID-19 pandemic.

Haj Tawfiq pointed out that prices of fresh goods increased during Ramadan due to ‘’limited production in Jordan,’’ which prompted consumers to complain to the Chamber of Commerce.

“There’s no indication that there will be a drop in commodity prices now,’’ he said.

A similar assessment was given by Omar Awwad, president of the Association for Restaurants, Sweets Shops Owners. ‘’Prices are not expected to fall in the coming period, partly because of the Russian-Ukrainian conflict and a subsequent rise in prices globally.’’

The clothing sector had its share of the revitalized business activity, according to Asaad Qawasmi, an Amman Chamber of Commerce clothing sector representative.

“There was a significant improvement,” he said in an interview. He explained that demand for clothes this year ‘’far exceeded the past two years.

“Currently, we’re going through a recovery phase after two years of recession due to COVID-19 and the subsequent lockdowns.’’

A popular tradition for many Muslims is buying new clothes for the Eid holiday, which has become an economic stimulant for many sectors.

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